Corporate Housing Solutions | August 15, 2018
Denver is reportedly in an eviction crisis citing over 8,000 evictions amidst rising rental rates. The Denver Post reports,
“While Denver’s booming economy is certainly good news, skyrocketing home prices and rents are not.
With the average price for a single-family home in Denver at $540,624 according to a report by the Denver Metro Association of Realtors, homeownership remains less and less attainable for many. But with the median rent for a one-bedroom apartment at $1,050 according to a report by Apartment Lists, it’s clear that being a renter isn’t much better.
The rental situation is so bad that the Colorado Center for Law and Policy believes Denver is in an eviction crisis.
There were more than 8,000 eviction cases in Denver last year.” (Denver Post)
The article goes on to describe a situation where an older woman is forced to pay more and more per month as her rental rate increases and ends up facing an eviction as a result.
This is a sad situation and has obviously become an increasing problem in the Denver area considering the price fluctuations on rental properties. While some landlords don’t think about the ethics behind increasing rates, other property management companies place limits on price increases to assure that situations like this don’t happen.
The Furnished Rentals and Executive Housing that Corporate Housing Solutions offer do not allow for spontaneous rate increases to the point of eviction.
The rental price on a furnished apartment or home includes utilities, taxes, management fees etc., that cover the cost of the property. These costs must go through an intensive internal audit and will not happen while under contract assuring that a person will not be priced out of their rental situation towards an eviction.
This is just one more reason why you can trust an accredited property rental by Corporate Housing Solutions over and above unscrupulous landlords that feel they can raise rates to the point of breaking the budget of their renters, forcing an eviction.